13. The Many Risks of Using Bitcoin

We’ve talked about Bitcoin as currency. We’ve talked about Bitcoin as an investment. We’ve talked about making money from Bitcoin, and about making Bitcoins.

So you’re probably all hopped up and ready to dive head-first into this Bitcoin thing. It’s all good, right?

Well, at the risk of sounding a bit like a broken record (does anybody remember what a broken record sounds like?), I must stress that Bitcoin isn’t all good. In fact, it’s risky. Very risky. Probably too risky for most normal folks to deal with.

Before you spend your life savings on a few dozen Bitcoin, then, let’s go over one more time the risks involved. These risks make Bitcoin something you really need to think about before you start buying ...